ULEProShares Ultra Euro
The ProShares Ultra Euro seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Euro against the U.S. dollar.
ProShares · Since 2008 (17 years)
0.98%
#4628 out of 5,332 ETFs
$6M
#4723 out of 5,332 ETFs
0.00%
17 years
#655 out of 5,332 ETFs
Performance
1 Year
+4.2%
3 Years
+3.2%
5 Years
-3.2%
What's inside
Risk profile
14.6%
Moderate
-51.3%
Worst peak-to-trough loss
0.05
Below average
0.08
Moderate downside risk
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05